Shandong Market Trading Activity Remains Average, Spot Premiums Show Limited Upside Potential

Published: Apr 30, 2025 11:21

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This week, the trading activity in the Shandong market was average, with limited upward movement in spot premiums/discounts. Specifically, the supply in the spot market remained tight this week, giving suppliers the confidence to stand firm on quotes. However, downstream customers mainly engaged in just-in-time procurement, and the stocking demand before the holiday was relatively small, making it difficult for premiums to continue rising. Looking ahead, the continuous destocking of social inventory provides support for the firmness of spot prices. However, the actual performance of downstream orders after the holiday will be the key factor determining whether spot premiums can continue to rise.

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